The Efika motherboard is now available for the promised pricetag of USD 99. On top of that, MorphOS 1.5 2.0 is apparently on its way, and it will support hardware accelerated transparent windows, among other things. Screenshots and pictures can be found at MorphZone. As promised, MorphOS 2.0 will run on the Efika.

You are comparing 400MHz, with Windows. This is inherently wrong, and stupid. You should be comparing 400MHz, with AmigaOS and MorphOS, which run blazingly fast on 400MHz. If you think this is overpriced for a low-run, independent, niche system, you're clearly not a user of these kinds of OS/hardware.

I'm not comparing it with Windows, I'm comparing it with the rest of the world. I'm comparing it with PCs where you can do video editing with your digital camcorder, photo editing with your 8MP camera, watch DVDs, make video calls over the net, play 3D MMORPGs on wide screens. You know, things that people do in 2007.
Many of them also do that on a mobile way.

And please read posts carefully before replying; look at what I said about the price.

So what can it do on the processor? I'd like to note that I'm very well aware of what AmigaOS could do in the past with very little resources, but what can MorphOS do? Can it play HD video? Or edit it? Can it edit SD video, with real time effects? What about editing large images? Or is it simply a web surfing and word processing platform. Basically I can't find anything about what MorphOS can do beyond the very basics.

No, it cannot do hd video. Also it isn't the best device for editing video.
But it isn't intended to be.
If you're interested just try and find out what it can do. The hurdle is quite low now - 99$ to be precise.

But to sum it up, there are three major fields for the Efika:
1st - the "boring" work part: Put a small Linux on it and let it serve or control (a robot or whatever). It can be a pretty small and energy saving mini computer for many things, except Desktop (well KDE and Gnome are not really light weight) usage - a full Linux desktop distro on 400 MHz with 128 MB RAM isn't too much fun, but many, many, many other things work perfectly well on that board. Most prominet a small headless home server, the Efika is not a calssical desktop board.

2nd - the multimedia/fun/hobby/* part: Put MorphOS on it and the only limitation is your phantasy and the processor power and ram. But - unlike Linux- 128 MB and 400 MHz are a lot with MOS*. After booting the full OS, there are still about 100 MB RAM free, the OS is ubelieveable fast. With 100MB RAM you can do a lot. There are sound programs, video players, games, gfx programs, internet programs, etc. Some progs are old from the Amiga days, some are new. everyone is invited to contribute to the MorphOS effort, as programmer, as user.
Don't forget Hollywood a *very* easy to use programming language, ideal for multimedia things. The possibilities are endless.

3rd - the thin client aproach: Plug in the network cable and let the work be done remotely.

* I am sitting on a MOS setup right now and have a browser with several windows open, an emailer, a sound player, an IRC client, an editor and a picture viewer and currently there are about 80MB RAM in use.

Of course the articles refer to MorphOS 1.4.5, so be aware that each OS feature explicitly described as absent in MorphOS 1.4.5 has been inserted in MorphOS 2.0. This new version of the OS still exists in beta stage and the time of its coming is NOT far away.